A primitive version of what today would most likely be a "mutual fund" or similar instrument.
The origins of the term date to the stock market bubble of the Roaring Twenties, where at the peak of the frenzy individual speculators were offering "$600 for radio" - in this case, not an actual AM radio receiver, but one share of stock in RCA, which was being hyped in those days as vociferously as Internet-related stocks at the turn of the millennium.
$600 was a lot of money in those days, so those who couldn't afford to buy the stock directly would collectively buy into a bucket fund and the bucket fund would buy the stock, hold it briefly, then sell it to repay the individual speculators.
Eventually the bubble burst and everyone lost their shirt.
The origins of the term date to the stock market bubble of the Roaring Twenties, where at the peak of the frenzy individual speculators were offering "$600 for radio" - in this case, not an actual AM radio receiver, but one share of stock in RCA, which was being hyped in those days as vociferously as Internet-related stocks at the turn of the millennium.
$600 was a lot of money in those days, so those who couldn't afford to buy the stock directly would collectively buy into a bucket fund and the bucket fund would buy the stock, hold it briefly, then sell it to repay the individual speculators.
Eventually the bubble burst and everyone lost their shirt.
It seems that everyone these days is peddling mutual funds, exchange traded funds, funds, funds, funds. Banks, trust companies, credit unions, insurance companies... all are getting on the bandwagon and unleashing their most voracious commission salespeople. No wonder, though, as the various inscrutable offerings are a nightmare of fees - front-end loads, back-end loads, management expense ratios - to the point where the modern equivalent to a bucket fund is a leaky bucket where 2% of your life slavings may well be gone every year just in fees. Over a quarter century, that might add up to half your capital.
So basically, the leaky bucket fund with its active management has to outperform the market by 2% annually every darned year just to cover all of the bull-shovel fees. Not all of them do. It's a little like a stockbroker proudly pointing out his shiny new boat at the marina only to be asked "but where are the customer's yachts?"
So basically, the leaky bucket fund with its active management has to outperform the market by 2% annually every darned year just to cover all of the bull-shovel fees. Not all of them do. It's a little like a stockbroker proudly pointing out his shiny new boat at the marina only to be asked "but where are the customer's yachts?"
by bitchuck September 20, 2024
Get the bucket fundmug. by K9dademon May 30, 2020
Get the sugar bucketmug. Adjective:
A description of one who is so sick that they have to carry a bucket with them so that there is a place for the vomit to go if they suddenly need to throw up.
A description of one who is so sick that they have to carry a bucket with them so that there is a place for the vomit to go if they suddenly need to throw up.
by billardbb April 14, 2009
Get the Bucket Sickmug. Something you say when you want to seem like you know something but it's actually just some bullshit. It's frequently used to annoy people.
by Old man rapers February 20, 2020
Get the The Bucketmug. The Diarrhea Bilch Bucket Challenge is to fill a bucket with diarrhea, dunk a raw chicken in the bucket to soak it, then throw it at the bathroom wall so that it sticks. This is a special method of Chicken Bilch.
"Y'all down to do the Diarrhea Bilch Bucket Challenge?"
"Hell yeah bro, who's bathroom are we doing it in?"
"Hell yeah bro, who's bathroom are we doing it in?"
by Tinkle Stinky June 4, 2025
Get the Diarrhea Bilch Bucket Challengemug. 1. It is a literal bucket list of people, places, things, or otherwise visible events like a sun setting, either for those that are losing their vision or for those that want to expand heir horizons.
2. A tool for those that experiment with drugs and wish to see things from a different perspective, such as a 'visual bucket list of everyday taken-for-granted things,' like the people on the daily subway commute or the flowers in a backyard garden.
3. A list that is similar to a bucket list, except it's for aesthetic pleasing only.
Example:
1. Bob made a visual bucket list yesterday for our DMT trip tonight in the desert.
2. Luaren wanted to see everything red and green in her daily commute to and from work, as her color blindness is kicking in and she's losing the ability to see those colors.
Yea. Deal with it.
2. A tool for those that experiment with drugs and wish to see things from a different perspective, such as a 'visual bucket list of everyday taken-for-granted things,' like the people on the daily subway commute or the flowers in a backyard garden.
3. A list that is similar to a bucket list, except it's for aesthetic pleasing only.
Example:
1. Bob made a visual bucket list yesterday for our DMT trip tonight in the desert.
2. Luaren wanted to see everything red and green in her daily commute to and from work, as her color blindness is kicking in and she's losing the ability to see those colors.
Yea. Deal with it.
by Nightblu3 July 10, 2017
Get the visual bucket listmug. Guy 1: Jimmy Buckets just drained a 3 just like how I drained my balls on your moms face last night.
by desdeploy June 19, 2024
Get the Jimmy Bucketsmug.